Apple stock surges to record high after AI announcements

[brooklynite]

Source: Yahoo Finance

Apple's (AAPL) stock surged 7% on Tuesday to reach a record-high close for the first time in 2024 as investors digested the announcement of its AI platform, Apple Intelligence.

After the stock fell on Monday during and after the company's WWDC conference, the stock moved higher, notching its best single-day performance since November 2022, as some Wall Street analysts cheered the company's announcements.

"If you look at the signal away from the noise, you realize that this is unprecedented capability that Apple is going to introduce and it's going to integrate AI into everyday life," D.A. Davidson managing director Gil Luria told Yahoo Finance (video above).

Following Monday's event, Luria upgraded Apple to Buy from Neutral and raised his price target to $230 from $200.


Read more: https://finance.yahoo.com/news/apple-stock-surges-to-record-high-after-ai-announcements-150325922.html

---

Every year I give away shares to charity to avoid Capital Gains and every year the net value goes back up.....

[FakeNoose]

1. Stockholders think it translates into more profits

What about increased liability? Who is doing the oversight?

[question everything]

2. Same here. It really warps the value of the portfolio

[NotASurfer]

3. Wonder how much of that volume is automated trading?

You know, where AI is in charge of the decision to invest in companies peddling AI?

AI just can't be that smart already?

[brooklynite]

4. Up another 32 points today.